How Can We Narrow the Black Homeownership Gap?
By Chuck Bishop, Head of Diverse Segments for Wells Fargo Home Lending Despite ongoing challenges due to the pandemic, Black Americans joined the many homebuyers looking for a space to call their own during the past year. But even against that backdrop, the homeownership gap for the Black community remains significant, and concerns remain about the overall effect the pandemic-slowed economy and historic challenges will have on long-term homeownership goals. During Black History Month, and throughout the year, it’s important to acknowledge the challenges the Black community faces when it comes to homeownership and racial equity, and also acknowledge the important work that remains. That’s especially...
Read more
Entertainment Icon Snoop Dogg Announces National Distribution of His Very Own INDOGGO® Gin
Bringing a laidback California style to the spirits industry, Entertainment Icon Snoop Dogg’s INDOGGO® Gin is easy to mix, easy to drink and hard to forget. On the heels of a successful limited launch last Fall, Entertainment Icon and Hip-Hop legend Snoop Dogg has announced his INDOGGO® Gin is now available nationwide. INDOGGO®, crafted with a laid-back California style, is the ultimate remix of seven premium botanicals infused with all-natural strawberry flavor. INDOGGO® was developed by the King of “Gin & Juice,” in partnership with Keenan Towns and Marc Weisberg, CoFounders of Trusted Spirits, and in partnership with Prestige Beverage Group. Most recently, Emmy nominated actor,...
Read more
Morehouse, Spelman and Bank of America launch Center for Black Entrepreneurship
Today, Bank of America, the Black Economic Alliance Foundation, Morehouse College, and Spelman College announced the development of the Center for Black Entrepreneurship (CBE), the first-ever academic center of its kind to assemble, educate, and empower a new class of Black entrepreneurial talent. The CBE will be located on the campuses of Spelman College and Morehouse College in southwest Atlanta. Spelman plans to house the CBE in its new academic facility, the Center for Innovation & the Arts, and Morehouse will house its CBE within a new facility on campus. Morehouse and Spelman colleges are two of the highest ranking historically Black colleges and universities (HBCUs)...
Read more
Black Real Estate Agent Program Launches to Support Aspiring Black Agents
By Danielle Sanders HomeLight and the National Association of Real Estate Brokers (NAREB) announced a partnership and the launch of the joint Black Real Estate Program. The HomeLight-NAREB Black Real Estate Agent Program will provide financial, educational, and career support for aspiring Black real estate agents across the country. The goal is to help agents achieve high-production success. The goal of the program is to improve the rate of homeownership for Black Americans. BLACK REAL ESTATE AGENT PROGRAM IS CRUCIAL TO IMPACTING CHANGE According to the latest U.S. Census Bureau data, Black Americans represent less than 6 percent of all real estate professionals throughout the United States. The homeownership...
Read more
Don’t just know your worth…Create it!
The average net worth for millennials is less than $11,000. While that is not necessarily a small number, it pales in comparison to the figures needed to achieve most long-term financial goals. While we might think the path towards these goals is to make more money, the real solution is building wealth. The two might seem the same, but they are very different. When you’re rich, you work for and/or have a lot of money. But when you’re wealthy, your money and your assets work for you. This is a great position to strive for, as it gives you leverage and options when purchasing a home...
Read more
Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
By Stacy Brown The story of 10-year-old Jaydyn Carr and his mother, Nina Carr, is just one example of the impact of Wall Street’s ongoing GameStop rally. Their financial windfall came about as a result of a trading frenzy that was never witnessed before– and one that found even some of the most astute stock market experts struggling to explain. A band of amateur day traders that interacts with one another on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. The goal: counter the influence of the big investors, often hedge funds, who bet...
Read more
NBA Star Chris Paul Launches Month-Long Initiative to Draft One Million Kids Into a Path of Financial Freedom and Generational Wealth.
NBA Star Chris Paul and Goalsetter, a Black-owned kids and family finance app that provides a next-generation, education-first banking experience for U.S. kids and teens, today announced a full-court press initiative to “draft” 1 Million Black and Brown kids to become the next generation of savers and investors, kicking off during Black History Month. The initial round of the “Drafted” campaign will tip off on February 1 with NBA star and NBPA president Chris Paul “drafting” 100 kids who participate in his Club 61 Leadership Alliance from his hometown of Winston-Salem, North Carolina, and then passing the ball to notable NBA players and leaders Jaylen Brown,...
Read more
She Wins: Jennifer King Makes History as First NFL Black Female Assistant Coach
By Sherri Kolade Washington D.C.’s Washington’s Football Team did the thing recently by naming Jennifer King their assistant running backs coach for the 2021-2022 football season, according to an article from Essence Magazine. This hire resonated all the more because it made King the first Black female assistant in the NFL. King previously coached parts of three seasons as an intern, has a lengthy background working for the NFL, too. She was a participant in the NFL’s coaching clinics from 2015 to 2018, and she attended the NFL Women’s Career in Football Forum, the magazine reported. Between 2006 and 2019, King played professional football for three women’s...
Read more
L’Oreal USA Partners with NAACP to Launch Grant Program for Black-owned Small Businesses
L’Oréal USA today announced the creation of its Inclusive Beauty Fund, a new grant program presented in partnership with the NAACP, the largest and most pre-eminent civil rights organization in the nation. Through this inaugural round of funding, L’Oréal USA will award 30 one-time grants of $10,000 each to Black-owned small businesses, Black entrepreneurs, and professional services in all sectors of the U.S. beauty industry. As small businesses in America have been hit the hardest by the economic fallout of the pandemic and Black-owned businesses are shutting down twice as fast as others according to NBER, L’Oréal USA teamed up with the NAACP to identify the most promising Black-owned small businesses and entrepreneurs in the beauty industry that are most in need of investment. “As the leading beauty company in the...
Read more
Black Women Keep Something Brewing: Rosalind Brewer named new CEO of Walgreens
By Ashley Stevenson On March 15th, 2021 Rosalind Brewer will be named the new CEO of Fortune 500 Company, Walgreens. Brewer, currently COO of Starbucks and former CEO of Sam’s Club is a graduate of Cass Technical High School, located in Detroit, MI. She went on to graduate from Spelman and then Stanford Law School before becoming the first Black Woman to serve as Starbucks’ CEO and sit on the board of Amazon. In 2018, I had the pleasure of meeting Mrs. Brewer during her address at the Sankofa Black Business Awards. It was at that moment, I tangibly felt the pride of being a Black...
Read more